Gibson Energy (TSE:GEI) Announces Earnings Results

Gibson Energy (TSE:GEI) posted its quarterly earnings data on Monday. The company reported C$0.45 EPS for the quarter, FiscalAI reports. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The business had revenue of C$3.69 billion for the quarter.

Gibson Energy Stock Down 1.9%

TSE:GEI opened at C$33.39 on Tuesday. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market cap of C$5.76 billion, a P/E ratio of 33.39, a P/E/G ratio of 1.85 and a beta of -0.03. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$34.20. The firm has a 50-day simple moving average of C$31.94 and a two-hundred day simple moving average of C$29.88.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, September 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.

Analyst Upgrades and Downgrades

GEI has been the subject of a number of analyst reports. National Bank Financial raised their target price on shares of Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce lowered shares of Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 target price for the company. in a report on Thursday, October 22nd. Raymond James Financial boosted their price target on Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. ATB Cormark Capital Markets boosted their price target on Gibson Energy from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Finally, BMO Capital Markets upped their price target on Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$33.10.

About Gibson Energy

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.